Thrivent Financial for Lutherans Sells 3,815 Shares of Kellanova (NYSE:K)

Thrivent Financial for Lutherans lessened its holdings in shares of Kellanova (NYSE:K - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,867 shares of the company's stock after selling 3,815 shares during the quarter. Thrivent Financial for Lutherans' holdings in Kellanova were worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in K. Barclays PLC grew its holdings in shares of Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after acquiring an additional 1,033,383 shares during the period. State Street Corp boosted its position in shares of Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company's stock valued at $1,188,489,000 after purchasing an additional 731,273 shares in the last quarter. Ilex Capital Partners UK LLP grew its stake in Kellanova by 63.8% in the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after purchasing an additional 632,510 shares during the period. Cibc World Markets Corp grew its stake in Kellanova by 538.6% in the fourth quarter. Cibc World Markets Corp now owns 585,691 shares of the company's stock worth $47,423,000 after purchasing an additional 493,976 shares during the period. Finally, Syquant Capital Sas purchased a new position in Kellanova during the fourth quarter valued at $29,595,000. Hedge funds and other institutional investors own 83.87% of the company's stock.

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Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $82.70, for a total transaction of $9,476,014.10. Following the completion of the sale, the insider now owns 47,847,446 shares of the company's stock, valued at $3,956,983,784.20. The trade was a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 1,260,413 shares of company stock valued at $103,473,032. 1.80% of the stock is owned by company insiders.

Kellanova Stock Performance

K traded down $0.05 during midday trading on Tuesday, hitting $82.45. 2,316,605 shares of the company traded hands, compared to its average volume of 2,672,533. The company's 50-day moving average is $82.25 and its 200 day moving average is $81.36. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $28.46 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. Kellanova has a 52 week low of $55.01 and a 52 week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. On average, research analysts expect that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on K. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. StockNews.com assumed coverage on Kellanova in a report on Friday. They set a "hold" rating for the company. Fourteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Kellanova has an average rating of "Hold" and an average price target of $77.96.

Kellanova Company Profile

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.